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How to Maximize Dollar Assets Amid Interest Rate Cuts

Maximizing dollar assets can seem like a challenge in the current economy.

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Analysts anticipate the central bank rate cuts to continue both in the United States and the Philippines, which means interest rates from bank products, such as US dollar time deposits, could go back to pre-pandemic levels where it was only less than 1%.

Meanwhile, Bangko Sentral ng Pilipinas (BSP) has already reduced the interest rates by another 25 basis points in October, with the next expected cut in December 2024 due to the favorable global and local inflation rates.

With interest rates decreasing at a steady pace, guaranteed returns are also expected to go down in parallel.

To help address this, JJ Book, New Market Development Head of Sun Life of Canada (Philippines), Inc., encourages capitalizing on financial products that can help maximize yields.

“One such product is Sun Dollar Maximizer (ProIncome),” Book says.

A limited-time offer product, Sun Dollar Maximizer (ProIncome) is a single-pay, US dollar-denominated VUL plan that provides insurance coverage equal to at least 125% of the Single Premium, and linked to a structured investment that matures after 7 years. It offers fixed annual income payouts of 3.5% for 7 consecutive years and gives back 100% of the Single Premium at maturity.

“This product offers a unique combination of stable returns and security,” Book said. “With the Sun Dollar Maximizer (ProIncome), you can enjoy potential growth of your wealth, even as interest rates decline. This, while also ensuring your loved ones’ financial well-being with the life insurance component.”

Sun Dollar Maximizer (ProIncome) can be availed of via a hassle-free application and policy approval through Sun Life’s Guaranteed Insurability Offer, subject to terms and conditions.

The product is available until November 18, 2024 only or until the total allocation has been sold out, whichever comes earlier.

Written by Village Connect

In a world where free quarterly print and online publications rule, Concept and Beyond Publishing (formerly, Tesmarias Publishing) a publisher of Village Connect (VC) stands out as a pillar and a trailblazer, raising the bar for complimentary magazines with quality reads that are tailored to discriminating Filipino urbanites.

As a print and digital publication, VC strives to provide readers an insightful glimpse into the ever-changing business landscape through relevant dialogue and inclusive coverage of trending news, information, and lifestyle tidbits within (and outside) the metropolis.

On a bigger scale, VC identifies and promotes Philippine innovations in various industries and connects them with Manila’s young and upbeat populace.

Since its founding in 2011, VC emerged as a household and business name, with a monthly circulation of 50,000 copies distributed FREE in Metro Manila, VC is targeted toward select villages, multi-dwelling outfits (condominiums, serviced apartments), banks, and lifestyle facilities including salons, wellness institutes, and beauty and fitness centers. It is also exclusively carried by Figaro Coffee Shops in Metro Manila – truly living up to its goal of connecting villages and businesses.

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